Compliance/Risk Officer Level 3

Start date: Flexible

Level: 3

Duration: 15 months

Delivery: Blended

Assessment: On-programme and end-point assessment

Qualification: Apprenticeship including Certificate in Financial Services, Certificate in Insurance

Entry requirements: Level 2 English and Maths preferred

Course summary

This apprenticeship prepares employees for giving basic advice to financial services organisations on legal and regulatory rules, such as those about data security or preventing money laundering.

Who is it for?

Anyone who advises financial services organisations on meeting the compliance and risk requirements set out in legislation (such as data security) or required by regulators (such as financial crime or operational risk). This is usually staff within an organisation’s dedicated risk and/or compliance departments, who need to be experts in the relevant legislation and regulatory requirements. They support and guide business areas to ensure the organisation meets this wide range of requirements, while achieving appropriate customer outcomes. In some organisations, this expertise may be within the business areas themselves.

What will they learn?

To fulfil this role, apprentices will need a good understanding of ethical standards – and good communication and influencing skills, as there can be differences of opinion between the business and the risk/compliance function on the appropriate action to take. They should also gain a thorough knowledge of risk and compliance frameworks, policies and procedures. Depending on the organisation, they may cover compliance or risk functions, or a blend of both.

Assessment

  • CII Certificate in Financial Services
  • Certificate in Insurance exams
  • Assessment at the end (‘end-point assessment’)

What’s next?

Having completed this apprenticeship, the employee can go on to apply for membership of the appropriate professional body, depending on which qualification they take.

They will be fully competent in the role, and can continue to develop their career through a range of possible pathways, in the compliance/risk area or other areas of the business.

Future job roles

  • Compliance/Risk Specialist

Technical information

You can find out more here